KKR & Co. Inc. (NYSE:KKR) Stock Rated “Equal Weight” in New Coverage at Wells Fargo & Company

Analysts at Wells Fargo & Company began coverage on shares of KKR & Co. Inc. (NYSE:KKR) in a report released on Friday, Benzinga reports. The brokerage set an “equal weight” rating and a $97.00 price target on the asset manager’s stock. Wells Fargo & Company‘s price target suggests a potential upside of 6.42% from the company’s previous close.

Other equities analysts also recently issued reports about the company. Oppenheimer boosted their price objective on KKR & Co. Inc. from $139.00 to $166.00 and gave the stock an “outperform” rating in a research report on Thursday, August 27th. Argus lifted their target price on KKR & Co. Inc. from $115.00 to $125.00 and gave the company a “buy” rating in a research note on Tuesday, August 4th. Keefe, Bruyette & Woods upgraded KKR & Co. Inc. to a “moderate buy” rating in a research report on Monday, July 20th. Barclays increased their price target on KKR & Co. Inc. from $124.00 to $135.00 and gave the stock an “overweight” rating in a research note on Friday, July 31st. Finally, Royal Bank Of Canada lifted their price objective on shares of KKR & Co. Inc. from $125.00 to $134.00 and gave the company an “outperform” rating in a research note on Friday, July 31st. Twelve analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company’s stock. According to MarketBeat.com, KKR & Co. Inc. has an average rating of “Moderate Buy” and an average target price of $127.46.

KKR & Co. Inc. Trading Down 0.2%

Shares of NYSE:KKR opened at $91.15 on Friday. The company has a quick ratio of 0.09, a current ratio of 0.09 and a debt-to-equity ratio of 0.71. The company’s 50-day moving average price is $103.70 and its 200 day moving average price is $98.54. The company has a market cap of $81.82 billion, a PE ratio of 29.03, a P/E/G ratio of 0.81 and a beta of 1.83. KKR & Co. Inc. has a fifty-two week low of $82.67 and a fifty-two week high of $144.84.

KKR & Co. Inc. (NYSE:KKR) last posted its earnings results on Thursday, July 30th. The asset manager reported $1.63 EPS for the quarter, topping the consensus estimate of $1.43 by $0.20. KKR & Co. Inc. had a net margin of 14.41% and a return on equity of 5.88%. The firm had revenue of $5.73 billion during the quarter, compared to analysts’ expectations of $2.55 billion. During the same quarter in the prior year, the firm earned $1.18 EPS. Sell-side analysts anticipate that KKR & Co. Inc. will post 5.95 earnings per share for the current year.

Insider Activity

In other news, insider Dane Holmes sold 10,000 shares of the business’s stock in a transaction on Thursday, September 3rd. The stock was sold at an average price of $108.58, for a total value of $1,085,800.00. Following the sale, the insider owned 8,513 shares of the company’s stock, valued at approximately $924,341.54. The trade was a 54.02% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 23.20% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the company. SouthState Bank Corp lifted its holdings in KKR & Co. Inc. by 185.0% in the 4th quarter. SouthState Bank Corp now owns 228 shares of the asset manager’s stock valued at $29,000 after acquiring an additional 148 shares during the last quarter. MV Capital Management Inc. acquired a new position in shares of KKR & Co. Inc. in the 4th quarter worth approximately $31,000. Hanson & Doremus Investment Management grew its stake in shares of KKR & Co. Inc. by 83.3% in the 1st quarter. Hanson & Doremus Investment Management now owns 330 shares of the asset manager’s stock worth $31,000 after purchasing an additional 150 shares during the last quarter. Silvant Capital Management LLC bought a new stake in shares of KKR & Co. Inc. in the 2nd quarter worth approximately $34,000. Finally, Western Pacific Wealth Management LP lifted its stake in KKR & Co. Inc. by 34.8% during the first quarter. Western Pacific Wealth Management LP now owns 387 shares of the asset manager’s stock valued at $36,000 after purchasing an additional 100 shares during the last quarter. 76.26% of the stock is owned by institutional investors and hedge funds.

About KKR & Co. Inc.

KKR & Co Inc is a global investment firm that manages alternative assets for institutional investors, financial advisers, and other clients. The company invests across private equity, credit, infrastructure, real estate, and other strategies, seeking to generate long-term value through investments in businesses and assets.

Its activities include acquiring and supporting companies through private equity funds, providing private and public credit solutions, investing in infrastructure projects, and managing real estate investments.